We are live on ! Find out more
NSC icon

Norfolk Southern
NSC

1,856 hedge funds and large institutions have $53.5B invested in Norfolk Southern in 2026 Q2 according to their latest regulatory filings, with 134 funds opening new positions, 610 increasing their positions, 633 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 84

11% more capital invested

Capital invested by funds: $48.2B → $53.5B (+$5.33B)

1% more funds holding

Funds holding: 1,837 → 1,856 (+19)

0.97% more ownership

Funds ownership: 74.84% → 75.8% (+0.97%)

4% less repeat investments, than reductions

Existing positions increased: 610 | Existing positions reduced: 633

4% less funds holding in top 10

Funds holding in top 10: 55 → 53 (-2)

16% less call options, than puts

Call options by funds: $145M | Put options by funds: $172M

Holders
1,856
Holders Change
+19
Holders Change %
+1.03%
% of All Funds
22.42%
Holding in Top 10
53
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-3.64%
% of All Funds
0.64%
New
134
Increased
610
Reduced
633
Closed
84
Calls
$145M
Puts
$172M
Net Calls
-$27.3M
Net Calls Change
+$15.4M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Portfolio Management
Vanguard Portfolio Management
Pennsylvania
+$984M
2
BlackRock
BlackRock
New York
+$223M
3
CAU
Caxton Associates (UK)
+$217M
4
Millennium Management
Millennium Management
New York
+$190M
5
TP
Third Point
New York
+$154M

Top Sellers

Rank Fund Capital Flow
1
Dodge & Cox
Dodge & Cox
California
-$1.16B
2
Citadel Advisors
Citadel Advisors
Florida
-$319M
3
DZ Bank
DZ Bank
Germany
-$240M
4
UBS Group
UBS Group
Switzerland
-$238M
5
Amundi
Amundi
France
-$212M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mirae Asset Global ETFs Holdings
26
Mirae Asset Global ETFs Holdings
Hong Kong
$449M +$35M +113,633 +9%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$437M -$133M -431,335 -24%
JP Morgan Chase
28
JP Morgan Chase
New York
$428M -$85.5M -277,190 -17%
Invesco
29
Invesco
Georgia
$424M -$130M -420,694 -24%
Vanguard Fiduciary Trust
30
Vanguard Fiduciary Trust
Pennsylvania
$397M -$1M -3,252 -0.3%
Fisher Asset Management
31
Fisher Asset Management
Washington
$378M +$13.9M +45,035 +4%
CWP
32
Capital Wealth Planning
Florida
$374M +$89.8M +291,395 +32%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$364M -$10.6M -34,478 -3%
UBS AM
34
UBS AM
Illinois
$364M +$1.07M +3,460 +0.3%
Deutsche Bank
35
Deutsche Bank
Germany
$357M +$133M +430,085 +61%
Balyasny Asset Management
36
Balyasny Asset Management
Illinois
$350M -$70.2M -227,544 -17%
Wells Fargo
37
Wells Fargo
California
$329M +$434K +1,408 +0.1%
CAU
38
Caxton Associates (UK)
$328M +$217M +705,249 +209%
Primecap Management
39
Primecap Management
California
$325M -$154K -500 -0%
UBS Group
40
UBS Group
Switzerland
$316M -$238M -773,416 -43%
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$282M -$7.01M -22,746 -2%
Cohen & Steers
42
Cohen & Steers
New York
$245M +$10.2M +33,130 +4%
Adage Capital Partners
43
Adage Capital Partners
Massachusetts
$241M -$27M -87,500 -10%
KC
44
Kryger Capital
United Kingdom
$241M +$72.8M +235,974 +45%
Verition Fund Management
45
Verition Fund Management
Connecticut
$239M +$8.51M +27,595 +4%
Citigroup
46
Citigroup
New York
$237M +$30M +97,320 +15%
Hotchkis & Wiley Capital Management
47
Hotchkis & Wiley Capital Management
California
$229M -$4.48M -14,530 -2%
LP
48
LMR Partners
United Kingdom
$227M +$88.5M +287,118 +66%
Marshall Wace
49
Marshall Wace
United Kingdom
$224M +$21M +68,013 +11%
SI
50
Symmetry Investments
Jersey
$205M +$153M +495,553 +320%
1
2
3 4 5

NSC Hedge Fund Activity: Q2 2026 in Review

1,856 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2026, worth a combined $53.5B — up 11% from $48.2B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new NSC positions and 84 closed out — a net gain of 50 holders — while 610 added to existing stakes and 633 trimmed.

The largest buyer was Vanguard Portfolio Management, adding an estimated $984M. The largest seller was Dodge & Cox, cutting an estimated $1.16B.

  • 1,856 institutional investors held Norfolk Southern (NSC) as of Q2 2026, up from 1,837 in Q1 2026.
  • Funds reported $53.5B of Norfolk Southern stock for Q2 2026, up 11% quarter-over-quarter.
  • 134 funds opened new Norfolk Southern positions in Q2 2026 and 84 closed out, a net change of +50 holders.
  • The largest Norfolk Southern buyer in Q2 2026 was Vanguard Portfolio Management, an estimated $984M added.
  • The largest Norfolk Southern seller in Q2 2026 was Dodge & Cox, an estimated $1.16B sold.

Based on aggregated 13F filings for Q2 2026.